For the Given Binomial Sample Size and Null-Hypothesized Value of P0

question 114

Multiple Choice

For the given binomial sample size and null-hypothesized value of p0, determine whether the sample size is large enough to use the normal approximation methodology to conduct a test of the null hypothesis
$\mathrm { H } _ { 0 } : \mathrm { p } = \mathrm { p } _0$
- $$\mathrm { n } = 1100 , \mathrm { P_0 } = 0.99$$

• A) Yes
• B) No

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Definitions:

Cost of Merchandise Sold

The direct costs attributable to the goods sold by a company, including the cost of the material and labor directly used in creating the goods.

Merchandising Company

A business that purchases finished goods for resale, making a profit on the sales margin.

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, highlighting revenue, expenses, and profits or losses.

Merchandise Inventory

Goods that a company holds with the intent to sell them as part of its business operations; considered a current asset on the balance sheet.